Healthcare of Ontario Pension Plan Trust Fund Increases Stake in Iron Mountain Incorporated $IRM

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 1,739.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 214,886 shares of the financial services provider’s stock after buying an additional 203,201 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Iron Mountain were worth $21,948,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Iron Mountain by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock valued at $2,573,000 after acquiring an additional 1,286 shares during the last quarter. Empowered Funds LLC grew its position in Iron Mountain by 10.3% during the 1st quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 537 shares during the last quarter. Woodline Partners LP increased its stake in Iron Mountain by 41.0% in the 1st quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock worth $2,129,000 after purchasing an additional 7,193 shares during the period. EverSource Wealth Advisors LLC lifted its position in Iron Mountain by 29.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 300 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of Iron Mountain by 3.6% during the second quarter. Cerity Partners LLC now owns 35,292 shares of the financial services provider’s stock valued at $3,620,000 after purchasing an additional 1,222 shares during the period. 80.13% of the stock is owned by institutional investors.

Insider Transactions at Iron Mountain

In other news, CEO William L. Meaney sold 38,474 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $122.83, for a total value of $4,725,761.42. Following the transaction, the chief executive officer owned 38,474 shares of the company’s stock, valued at approximately $4,725,761.42. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $127.91, for a total transaction of $767,460.00. Following the transaction, the executive vice president directly owned 119,507 shares of the company’s stock, valued at $15,286,140.37. The trade was a 4.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 137,260 shares of company stock valued at $17,361,672. 1.70% of the stock is owned by corporate insiders.

Iron Mountain Stock Up 0.0%

NYSE:IRM opened at $128.33 on Monday. The business’s 50-day simple moving average is $125.31 and its two-hundred day simple moving average is $112.65. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $134.68. The stock has a market cap of $38.18 billion, a PE ratio of 141.03 and a beta of 1.19.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. Sell-side analysts anticipate that Iron Mountain Incorporated will post 5.4 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were given a dividend of $0.864 per share. The ex-dividend date was Monday, June 15th. This represents a $3.46 annualized dividend and a dividend yield of 2.7%. Iron Mountain’s dividend payout ratio (DPR) is presently 380.22%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Truist Financial set a $140.00 target price on shares of Iron Mountain in a report on Friday, May 1st. Weiss Ratings cut shares of Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Wall Street Zen cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. increased their price objective on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Barclays increased their target price on shares of Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.33.

About Iron Mountain

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.